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Bitcoin Descending Triangle Pattern UpdateBitcoin LTF Chart Update: Descending Triangle Formation and Potential Breakout Bitcoin (BTC) has been forming a descending triangle pattern on its lower time frame (LTF) chart, indicating a potential breakout in the near future. Traders should keep a strong eye on the support and resistance levels as they could signal a significant move in the market. Currently, the downward sloping trendline of the descending triangle is acting as a strong resistance level around $27850, while the horizontal support line is located near $26800. Traders should wait for a confirmed breakout before making any trading decisions, as trading blindly can be detrimental to your portfolio. If BTC breaks out above the resistance level, we could see a potential upward movement of around 16% from the breakout point, leading to a target of $32000. However, if BTC breaks down below the support level, we could see a potential downward movement of around 16%, leading to a target of $22500. It is important to keep in mind that trading involves risk and it is advisable to trade after confirming the breakout. Traders should never make any trade blindly without proper analysis and risk management. In conclusion, the descending triangle formation on the BTC LTF chart indicates a potential breakout in the near future, and traders should keep a close eye on the support and resistance levels to make informed trading decisions. Remember to trade with caution and always use risk management strategies to protect your portfolio. Follow us For More Quality Updates. Thank you
BITSTAMP:BTCUSDLong
by CryptoPatel
3
Bitcoin update before FED Funds rate 22.03.2023 Fed Funds rate. There is an 88% chance of a 0.25% 11% chance of a 0.0% Fed rate hike at tonight's meeting. The Fed is in a situation where they can't raise the rate and can't not raise the rate, so it's more likely we will see 0.25 today. More important is Jerome Powell's rhetoric as always. It is hard to make predictions from his speech. Most likely, he will again try to calm everybody and say that everything is fine. We are more interested in his comments on inflation and the banking crisis. I think it will be one of the most important meetings this year, after which the market will decide the further outcome of the move. If all is OK, then we expect continued growth until May. If all is bad, then we go to test 25k and after 23 I think that we will have the second scenario. after the calm and positive we will see growth, the removal of liquidity from above to the area of 29.1 + and then go down because the banking crisis has not disappeared - it remains Waiting for correction Several factors why bitcoin should show a correction 1. Volume profile - in the area of 29-30.5 2. A huge amount of long positions on different tokens (to be liquidated) 3. Slowdown in growth 4. Exponential movement 5. Overbought on many indicators 6. Potential collection of liquidity zones below (blue boxes - liquidity zones) P.S. My scenario is to collect stop losses above 28.5 and then go down Best regards EXCAVO
by EXCAVO
27
Bitcoin Weekly Chart Analysis ( All Time high Also Predict )Bitcoin Weekly Chart Analysis: Price Expected to Rise to $32,000 Bitcoin (BTC) has been on a bullish trend in recent weeks, with the cryptocurrency printing the biggest weekly candle in its entire history. As of now, BTC is trading at $28,000 and has broken through the weekend resistance, trading above the old resistance level of $25,000. The high time frame suggests that BTC is still bullish, and we can expect the price to reach around $32,000 in the coming days. However, the $32,000 level is a strong resistance level, and there is a high chance that BTC could reject from there. It is also possible that there could be a retest at the $25,000 level before the price moves upward. Looking forward, it is highly probable that we could see a new all-time high in 2025, with the price expected to reach between $150,000 and $180,000. It is essential to note that this is just a prediction and is subject to change depending on various factors. In terms of support and resistance levels, the $25,000 and $20,000 levels are considered strong support Levels. And $32000 is Strong Resistance Level. Please Like and Follow us for more Quality updates. Thank you
Long
by CryptoPatel
2
Bitcoin CME Gap $28740 has been Filled what Now..?#Bitcoin #CME Gap Chart: Recently, the Bitcoin CME gap at $28,740 was filled within 24 hours after a post about Bitcoin. However, a new CME gap has opened at $27,155, and it remains to be seen whether it will be filled after the FOMC news. Currently, there are two more CME gaps that remain unfilled, one at $35,180 and the other at $20,330. It is difficult to predict which gap will be filled first. #BTC #BTCUSDT #FOMC #crypto #cryptocurrency #Alts #Altcoins #cryptosignals #Bitcoin2023
CME:BTC1!Long
by CryptoPatel
1
Bitcoin CME Gap Chart AnalysisBitcoin CME Gape Chart Analysis:- Bitcoin CME Gap at $28,740 remains unfilled, leading to speculation about when it will be filled. In addition, there is anticipation for the next CME Gap at $35,180. However, many are wondering about the status of the $20,330 CME Gap. The $20,330 CME Gap refers to a price discrepancy on the Chicago Mercantile Exchange (CME) Bitcoin futures chart that occurred when the cryptocurrency experienced a significant price drop in March 2020. The price fell from around $9,000 to below $4,000, causing the CME Gap to form. Currently, Bitcoin is trading above the price range of the $20,330 CME Gap, leading some to believe that it may never be filled. However, it's worth noting that historically, Bitcoin has filled the majority of its CME Gaps, which means there's a chance that this one could be filled as well. While it's impossible to predict exactly when the $20,330 CME Gap will be filled, market analysts believe that it may happen in the future if Bitcoin experiences a significant drop in price. In any case, traders and investors should keep an eye on this CME Gap and be prepared for potential market movements if and when it is filled.
CME:BTC1!Long
by CryptoPatel
1
🅱️ Bitcoin | Let's Go Back To Basics (1, 2, 3)Let's go back to basics in order to determine where is Bitcoin at right now. #1 Break of major downtrend You can use either the linear (arithmetic) or logarithmic scale and both will yield the same result. Bitcoin is now out of a major downtrend. BTCUSD W Log: BTCUSD W Linear: #2 Accumulation phase After moving out of the downtrend, Bitcoin enters accumulation from November 2022 to January 2023. BTCUSD W Accumulation phase: #3 Bullish breakout After accumulation Bitcoin undergoes a bullish breakout. BTCUSD W Bullish breakout: - This bullish breakout produced the highest prices in more than 8 months. - Bitcoin prints4 green candles for the first time since August 2021. - Bitcoin produces the highest buy volume in years and also moves above EMA10 and EMA21. - This bullish breakout is also supported by the strongest RSI in many years. These are the basics. - Additional signals can be found by looking at the MACD, it is the first time it goes bullish coming from a new low since May 2020. - A higher high after more than a year of lower lows. - No new lower low since 21-November 2022. Conclusion Technically speaking, Bitcoin is now within the January 2023 bullish breakout. This is the most recent and relevant move for this Cryptocurrency, the rest is past history. As long as Bitcoin remains within a higher low compared to November 2022, a higher high is expected next. This is basic technical analysis based on price action. Thank you for reading. Namaste.
BITMEX:XBTLong
by AlanSantana
15
Bitcoin 15 Minute Chart Analysis ( Ascending Triangle Pattern )Analysis of #BTCUSDT 15 Minutes Chart: After careful observation of the 15-minute chart of #BTCUSDT, we can identify an ascending triangle pattern forming. This pattern is a bullish chart pattern that indicates that the buyers are becoming increasingly bullish, and the sellers are losing their grip on the market. However, as with all chart patterns, we should always remember to exercise caution and wait for the breakout point before entering any trades. Therefore, we recommend waiting for the price to break out of the triangle pattern before entering any trades. The upside breakout point is at $28350, while the downside breakdown point is at $27750. Waiting for the breakout point can help to ensure that we avoid false breakouts and potentially save us from making a costly mistake. It is also essential to keep an eye on both levels and monitor the price action closely. Once the price breaks out of the triangle pattern, we can set our targets at 4%-5% after the breakout. This will allow us to take advantage of any potential gains while minimizing our risks. In conclusion, chart pattern analysis can be a valuable tool for traders looking to make informed trading decisions. However, it is crucial to exercise caution and wait for the breakout point before entering any trades. By doing so, we can potentially reap the benefits of a bullish market while minimizing our risks. Thank you for taking the time to read our analysis. Please follow us for more quality updates.
KRAKEN:BTCUSDLong
by CryptoPatel
3
Bitcoin Exclusive Bull Run Technical Analysis: A Comprehensive GBitcoin Exclusive Bull Run Technical Analysis: A Comprehensive Guide By CryptoPatel Introduction: Bitcoin, the world's leading cryptocurrency, has been on a rollercoaster ride for the past few years, experiencing extreme highs and lows. In this comprehensive guide, we will take a closer look at Bitcoin's past bull runs and analyze the current market scenario to predict its future price movements. The analysis is based on the technical expertise of CryptoPatel, a renowned cryptocurrency analyst. So, let's dive into the details and explore Bitcoin's future prospects. Bitcoin's Past Bull Runs: As per the weekly chart, Bitcoin's previous bull run occurred in 2017, where it hit an all-time high of $19660. However, after the peak, Bitcoin experienced a dangerous dump and hit a bottom of $3120, which was 84% down from its all-time high. This downturn made many investors panic and assume that Bitcoin's target would be $1000. Still, Bitcoin made a strong bounce from the $3120 level, and many investors who used high leverage got liquidated. After the 2017 bull run, Bitcoin again rose and reached $13875 in 2019, which was a 0.786 Bearish Fibonacci retracement level. However, it again experienced a 67% dump after being rejected from the 0.786 Bearish fib retracement level. This time, it went down till $3913, which was also a 0.786 Bullish fib retracement of the bull mode from the bottom $3120 level. This 0.786 Bullish fib bounce was insane and hit Bitcoin's new all-time high of $68,991. Bitcoin's Current Scenario: Bitcoin's last bull market all-time high was $68,991, but it then experienced a hard dump till $15470, which was approximately 77% down from its all-time high. In the current bear market scenario of 2022, Bitcoin tested a new bottom of $15470, and many investors accumulated Bitcoin at this level, as suggested by CryptoPatel, which was their first entry. Bitcoin has now surged 75% from the current bear market bottom, and CryptoPatel predicts that Bitcoin will hit $42000-$49000 in October 2023, which will be the first exit point. This exit will be the 0.786 Bearish fib retracement from the year 2021 top to the year 2022 bottom. After the first exit, investors can wait for the second entry around $20,000-$24,000, which might occur in March 2024, near the Bitcoin halving months. This entry will be the 0.786 bullish fib retracement at this point. After the second entry, investors can hold their Bitcoin till October 2025, where Bitcoin is predicted to hit $150k-$180k, which might be the top of the next bull run. Conclusion: Based on the technical analysis of CryptoPatel, it is suggested that investors never sell their Bitcoin until the year-end of 2025. Bitcoin has been on a rollercoaster ride, experiencing extreme highs and lows, and CryptoPatel's analysis provides an excellent roadmap for investors to navigate through Bitcoin's future prospects. However, it is important to remember that investing in cryptocurrencies involves high risks, and This is not Financial Advice so investors should always conduct their research and invest wisely. Hey, it's CryptoPatel here! I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies. If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates. Thank you for your support, and let's continue to stay connected for more exciting content! LIKE ❤️ Share ⏩ Follow
KRAKEN:BTCUSDLong
by CryptoPatel
16
🅱️ Major Development, 1st Buy Signal Since July 2021 | BitcoinThis is the first "buy signal" the Renko system gives for Bitcoin on the weekly timeframe since the major bear-market. For confirmation, the week needs to close above $24,000 which is almost a done deal. This would confirm a change of trend, Renko-wise. We also have a harmonics pattern and many more signals can be extracted from this chart. We have a long-term higher low when comparing June 2022 to October 2020. If we were to activate some indicators, the bullish reversal signals would show up in large quantities. A change of trend doesn't mean that Bitcoin must necessarily go up but if you use the Renko system it would mean "buy". ✔️ Each time you get a green brick = buy. ✔️ Each time you get a red brick = sell. That's the Renko strategy simplified. Looking at past history you can see how successful this system can be. Very simple... It can be used with other charts as well. It is a great tool for trend change confirmation, for long-term traders and can also be used on shorter timeframes. Namaste.
BITMEX:XBTLong
by AlanSantana
4
BTC/USDT 30 Minutes Chart Analysis: Waiting for Breakout PointsBitcoin:- Bitcoin (BTC) continues to be a popular cryptocurrency for traders, and its recent movements have been of great interest to investors. In this article, we will examine the BTC/USDT 30 minutes chart and look at the possible breakout points and targets to help traders make informed decisions. BTC/USDT 30 Minutes Chart Analysis: As of the time of writing, BTC is trading at $27,100 level and has been moving in a Bull flag pattern. However, it is important to wait for a breakout rather than gambling on the market. New Breakout Points: The new breakout points for BTC are: Upward Breakout: $27,450 Breakdown Point: $26,750 Upside Target After Breakout: If the upward breakout occurs, the upside targets are between $29,500-$31,500. Downside Breakout Targets: In the case of a downside breakout, the targets are around $25,600/$24,700. Conclusion: It is always advisable to wait for the breakout before making any trading decisions. By following the new breakout points for BTC and keeping an eye on the targets, traders can make informed decisions and avoid gambling. Happy trading! In conclusion, traders must always exercise caution and do their due diligence before making any trading decisions. The new breakout points and targets outlined in this article can help traders make informed decisions based on the current market trends. Stay alert and keep an eye on these levels for potential trading opportunities.
KRAKEN:BTCUSDLong
by CryptoPatel
1
Bitcoin Analyze (Where is the end of correction!?)🧐This is Bitcoin’s chart in the monthly timeframe (Log scale). I want to talk about movements that can be similar, and I tried to find the bottom price of Bitcoin through these movements. I analyzed each significant movement and correction that Bitcoin had from the first. Bitcoin was able to make a new All-Time High (ATH) after each significant movement. 🔆In terms of time: Each major correction of Bitcoin has taken about 12-13 months since the All-Time High (ATH). 🔆In terms of price: Every major price correction of Bitcoin follows Fibonacci levels (23.6%_38.2%), and these corrections have deepened each time. Also, the price reduction percentage from the previous ATH was 86%, and 84%. If Bitcoin wants to follow the previous corrections, we can find the bottom of Bitcoin through these movements. ⏰When can the end of the current correction of Bitcoin❓⏰ According to the above details, the end of the current correction of Bitcoin can be around ⏰Nov 2022 & Jan 2023⏰. 📉Where can the end of the current correction of Bitcoin❓📉 According to the above details, the end of the current correction of Bitcoin can be 📉14800$_13000$📉 (The price retracement of every major move seems to follow Fibonacci numbers. And each time, these returns increase. It is expected, considering that the efficiency of the first move was 23.6% and the efficiency of the second move was 38.2%. This movement will experience a return of about 50%.) 🔆In addition, each time that Bitcoin was able to penetrate the space of EMA 200 ( Exponential Moving Average / Weekly Timeframe ) and SMA 200 ( Simple Moving Average / Weekly Timeframe ), some months later, Bitcoin started to rise. 🟢Recommendation🟢: If you want to verify the end of the correction, it is better to wait for a monthly candle that closes over EMA 200 ( Exponential Moving Average ). 🔆 Fundamental : Due to the ongoing war between Russia and Ukraine and the impact that this war can have on the supply of gas and electricity in Europe (increasing the cost of living in Europe), especially in winter. Also, probably the more inflation growth in the USA, it seems that the Cryptocurrency market will not have good days. In the comments, tell me your thoughts about BTC’s future scenarios and probabilities. Thanks in advance. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BITSTAMP:BTCUSD
by pejman_zwin
6
🅱️ Amazing! Part 2 | Bitcoin Weekly Update ($30K to $40K Next) We had a major bullish signal as a hammer on last weeks session... But there is more. This week we have three major additional signals that support a Bitcoin rise to $30,000+ and beyond. Let's look at those. Feel free to 🚀👍 boost/like to get started! Bitcoin this week is already trading above EMA50. This is a most important level and where we had a rejection mid and late February. Above this level $30,000 is easy and $40,000 possible. The MACD is entering the bullish zone to the upside for the first time since the year 2020. The RSI is about to hit 60 and its highest level to the upside since 2021. These are very strong bullish signals. Another signal that is developing and might confirm this same week is MA200 weekly. This level sits at $25,346. Bitcoin closing above it and our $40K target is basically guaranteed. Good days ahead. Cryptocurrency is bullish. The Altcoins are bullish. And the charts are pointing to sustained growth for many weeks. Enough time to buy and hold and later sell to secure profits. Namaste.
BITMEX:XBTLong
by AlanSantana
5
Breaking Resistance: Is Bitcoin (BTC) Poised to Rise Above $25K?#Bitcoin Chart Analysis Bitcoin (BTC) has been testing the $25K resistance level three times in recent weeks. As investors wait to see what will happen if BTC tests this level again, many wonders if Bitcoin will break above $25K and continue its bullish momentum. The current market sentiment suggests that Bitcoin could see a potential surge if it breaks above the $25K level. This could lead to a new rally and potentially a significant uptick in the cryptocurrency market. However, the technical analysis suggests that BTC needs to break through this resistance level and sustain its momentum to confirm a bullish trend. If BTC fails to break above this level, it could lead to a bearish trend and a potential drop in the cryptocurrency market. Despite the uncertainty, many experts remain optimistic about Bitcoin's future. With institutional investors showing more interest in cryptocurrencies, and with Bitcoin being used more frequently as a store of value, the long-term outlook for BTC remains positive. In conclusion, the $25K resistance level is a crucial level to watch for Bitcoin investors. If BTC breaks above this level and sustains its momentum, we could see a significant uptick in the cryptocurrency market. However, if BTC fails to break through this level, it could lead to a bearish trend. As always, it's important to keep a long-term perspective when investing in cryptocurrencies like BTC and to make informed decisions based on thorough research and analysis.
BITFINEX:BTCUSDShort
by CryptoPatel
3
Bitcoin soon to make its old support resistance? Hello, Bitcoin been holding its support line since 2017 and recently this year it broke out of it as you can see without retesting a break-out it just dumped. This is one of the charts i just made a simple TA on not to much drawings. One support>broke down> soon to make it new resistance? It is common for old support to be new resistance the longer we take the higher price target is. I can be wrong, this is not financial advice. I am long…
COINBASE:BTCUSDLong
by Clocktivker
Thread: Has BTC Bottomed?Hey All, Welcome to another year of crypto. 2022 was full of bears and shocking developments in the space! 2023 has promise to be much better in terms of price growth. It's been nearly a year since I last posted on TradingView and for good reason. My last 4 analysis' were warning of the bearish year to come and it turned out to be just that. (please refer to the related ideas below for an overview of them). Some signs have started to print that the crypto markets have been severely reset and may be soon experiencing a trend change. There has been little to no revival for most of the markets since highs were set over a year ago. While looking at the above chart, two white trends can be seen which create a channel like structure. Each time price has hit either trend, a strong reaction has occurred and often a significant bottom or top formed. Right now, BTC is laying on the bottom trend. The area has other confluence as well. There is a major support zone here. BTC has just bounced off its 2000 day bottom trend line for the sixth time. Any break below the bottom trend and into the major support zone can be catastrophic. $12,000 would likely be the next support area . $10,000 is a level that cannot break. If it does, crypto will be sent on a wild ride with nearly all important technical points void. This is a very unlikely scenario. Below I have added a few technical points to highlight a well rounded view. Thanks for reading Please like and comment!
INDEX:BTCUSD
by traderview2
🅱️ Amazing! | Bitcoin Weekly Update ($30K to $40,000 Next)The weekly session just closed and Bitcoin ended with a very strong bullish candle. This is a hammer with a super long lower wick. Bitcoin Weekly Hammer = Low Set/Support Found Bitcoin moved down on a strong shakeout move but bounced before reaching the 0.618 Fib. retracement level and closed the week above EMA10, sending a very strong bullish signals. Patience is key my friends. ✔️ Bitcoin is ultra-bullish above $23,500. ✔️ Bitcoin is mega-bullish above $22,222. ✔️ Bitcoin is strongly bullish above $20,000. The current price points to $30,000 as the next target and $40,000 still in the cards in this current bullish wave. You can find our trade signal with full numbers, 10X lev. below. 🅱️ 10X Lev. BTC (XBTUSD) Long Trade Signal (730% Potential) Thanks a lot for your amazing support. Thanks for the trust. Good days ahead. Namaste.
BITMEX:XBTLong
by AlanSantana
15